Section ZA 3 — Income Tax Act 2007: Transitional provisions

ZA 3 Transitional provisions When reference to this Act includes earlier Act (1) A reference in an enactment or document to this Act, or to a provision of it, is to be interpreted as a reference to the Income Tax Act 2004 , or the Income Tax Act 1994, or the Income Tax Act 1976, or to the corresponding provision of the earlier Act, to the extent necessary to reflect sensibly the intent of the enactment or document. When reference to earlier Act includes this Act (2) A reference in an enactment or document to the Income Tax Act 2004 , or the Income Tax Act 1994, or the Income Tax Act 1976, or to a provision of that earlier Act, is to be interpreted as a reference to this Act, or to the corresponding provision in this Act, to the extent necessary to reflect sensibly the intent of the enactment or document. Intention of new law (3) The provisions of this Act, including any amendments made by this Act to the Tax Administration Act 1994 , are the provisions of the Income Tax Act 2004 in rewritten form, and are intended to have the same effect as the corresponding provisions of the Income Tax Act 2004. Subsection (5) overrides this subsection. Using old law as interpretation guide (4) Unless a limit in subsection (5) applies, in circumstances where the meaning of a taxation law that comes into force at the commencement of this Act (the new law ) is unclear or gives rise to absurdity— (a) the wording of a taxation law that is repealed by section ZA 1 and that corresponds to the new law (the old law ) must be used to determine the correct meaning of the new law; and (b) it can be assumed that a corresponding old law provision exists for each new law provision. Limits to subsections (3) and (4) (5) Subsections (3) and (4) do not apply in the case of— (a) a new law listed in schedule 51 (Identified changes in legislation); or (b) a new law that is amended after the commencement of this Act, with effect from the date on which the amendment comes into force. Defined in this Act: taxation law , Compare: 2004 No 35 s YA 3